Personal Finance and Society
Personal financial issues influence individuals, families, and the society. This course will introduce important concepts related to personal finance. Students will read articles and watch videos on personal financial issues by experts in the field. We will look at the role of money in the society. What is money? What is the value of money? Why is it important? We will examine the definitions of poor, middle class, affluent, and wealthy. What are the costs to live well in the United States and other countries? We will look at spending habits. How to spend money wisely? We will examine consumer financial vehicles. How to use loans and mortgages correctly? We will look at retirement savings. What are social security, 401K, IRA, and other resources for retirement?